Cbse Sample Paper 2023-24 Accountancy Class 12 | Solution no. 19 ‪@sethsaccountancytricks‬

Cbse Sample Paper 2023-24 Accountancy Class 12 | Solution no. 19 ‎@sethsaccountancytricks  Pioneer Fitness Ltd. took over the running business of Healthy World Ltd. having assets of ₹10,00,000 and liabilities of ₹ 1,70,000 by: a) Issuing 8,000 8% Debentures of ₹ 100 each at 5% premium redeemable after 6 years @ ₹ 110; and b) Cheque for ₹ 50,000. Pass the Journal entries in the books of Pioneer Fitness Ltd. OR Lilly Ltd. forfeited 100 shares of ₹10 each issued at10% premium (₹8 called up ) on which a shareholder did not pay ₹3 of allotment (including premium) and first call of ₹2. Out of these 60 shares were reissued to Ram as fully paid for ₹8 per share and 20 shares to Suraj as fully paid up @ ₹12 per share at different intervals of time. Prepare Share Forfeiture account. #classxii #class12 #accountancy #shares #accounts #commerce #cbseboardexam2024 #companyaccounts #issueofshares #cbsesamplepaper2024